13,539 Shares in Nordson Corporation $NDSN Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in Nordson Corporation (NASDAQ:NDSN) during the second quarter, Holdings Channel.com reports. The institutional investor bought 13,539 shares of the industrial products company’s stock, valued at approximately $4,085,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Clearstead Trust LLC bought a new stake in shares of Nordson during the 2nd quarter valued at about $25,000. Keating Financial Advisory Services Inc. bought a new position in shares of Nordson in the second quarter worth approximately $30,000. CYBER HORNET ETFs LLC bought a new position in shares of Nordson in the second quarter worth approximately $31,000. N.E.W. Advisory Services LLC purchased a new stake in Nordson in the second quarter valued at approximately $33,000. Finally, MUFG Securities EMEA plc purchased a new stake in Nordson in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Stock Performance

Nordson stock opened at $333.58 on Wednesday. The firm has a fifty day simple moving average of $300.48 and a two-hundred day simple moving average of $287.87. The company has a quick ratio of 1.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. Nordson Corporation has a twelve month low of $220.06 and a twelve month high of $338.55. The company has a market capitalization of $18.58 billion, a PE ratio of 33.73, a P/E/G ratio of 2.17 and a beta of 0.96.

Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 EPS for the quarter, topping the consensus estimate of $3.09 by $0.16. The firm had revenue of $817.67 million for the quarter, compared to the consensus estimate of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.73 earnings per share. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. Research analysts expect that Nordson Corporation will post 11.83 EPS for the current year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Thursday, June 18th were given a $0.82 dividend. The ex-dividend date was Thursday, June 18th. This represents a $3.28 annualized dividend and a yield of 1.0%. Nordson’s payout ratio is presently 33.16%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Oppenheimer boosted their price target on shares of Nordson from $335.00 to $370.00 and gave the stock an “outperform” rating in a research note on Friday, August 21st. KeyCorp reissued a “buy” rating on shares of Nordson in a research note on Thursday, August 20th. DA Davidson reiterated a “buy” rating and set a $345.00 price objective on shares of Nordson in a research report on Thursday, August 20th. BNP Paribas Exane boosted their target price on Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Finally, Robert W. Baird upped their target price on Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Nordson has a consensus rating of “Moderate Buy” and an average target price of $326.57.

Nordson Profile

Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.

Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.